States/LGs joint account: Senate begins Constitutional amendment

The Senate has commenced moves to amend certain sections of the 1999 Constitution, following calls by stakeholders and the Federal Government to abolish the existing joint account between states and local governments. 
The Bill has already passed first reading, is sponsored by Rose Oko.
The eighth National Assembly attempted without success to pass the amendment. If the amendment must scale through, two-thirds of Senators, or 73 out of 109 members, must vote to approve it.
In the House of Representatives, which is also expected to approve the same amendment, it must have its own two-thirds, or 240 out of the 360 members.
If the Bill scales through, two-third State Houses of Assembly, which is equivalent to 24 State Assemblies, must give accord before it could be signed into law by President Muhammadu Buhari.
The Bill also seeks to make it constitutionally mandatory for State governments to pay a portion of their internally-generated revenues to local governments, as may be determined by state Assemblies. 

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